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Showing posts from May, 2020

The Future of College Is Online, and It’s Cheaper

https://www.nytimes.com/2020/05/25/opinion/online-college-coronavirus.html The Future of College Is Online, and It’s Cheaper The coronavirus forced a shift to virtual classes, but their continuation could be beneficial even after the pandemic ends. By Hans Taparia Mr. Taparia is a clinical associate professor at the New York University Stern School of Business. Forty years ago, going to college in America was a reliable pathway for upward mobility. Today, it has become yet another 21st-century symbol of privilege for the wealthy. Through this period, tuition rates soared 260 percent, double the rate of inflation. In 2019, the average cost of attending a four-year private college was over $200,000. For a four-year public college, it was over $100,000. To sustain these prices, more students are now admitted from the top 1 percent of the income scale than the entire bottom 40 percent at the top 80 colleges. Universities have also opened the floodgates to wealthy international students, wi...